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Stock Market & Financial Investment News

News Breaks
September 11, 2012
09:36 EDTSNDK, TOSBF, MU, OCZToshiba cutting NAND prices 20%-25%, Softpedia says
Toshiba (TOSBF) is announcing a NAND production ramp up of 30% and a price cut ranging between 20%-25%, according to Softpedia, which also concludes an SSD price war may be forthcoming. Reference Link
News For SNDK;TOSBF;MU;OCZ From The Last 14 Days
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May 23, 2013
12:21 EDTTOSBFToshiba set to buy assets of Elettra Technology, The Globe and Mail says
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May 22, 2013
17:04 EDTOCZOCZ Technology receives anticipated letter from NASDAQ
OCZ Technology announced that, as anticipated, the company received a letter from the Staff of the Listing Qualifications Department of NASDAQ indicating that, based upon the company's failure to timely file its Annual Report on Form 10-K for the fiscal year ended February 28, 2013 with the SEC, as required by NASDAQ Listing Rule 5250(c)(1), the additional filing deficiency would be considered by the Listing Qualifications Panel in rendering a determination regarding the company's request for continued listing on NASDAQ. As previously reported, the company has not yet filed its Forms 10-Q for the fiscal quarters ended August 31, 2012 and November 30, 2012, or the restatement of its financial statements included in its Form 10-K for the fiscal year ended February 29, 2012 and its Form 10-Q for the fiscal quarter ended May 31, 2012 with the SEC, as required. The company has presented its plan to regain compliance with the Filing Requirements before the Panel at which it requested additional time within which to do so. The NASDAQ Hearings Panel has granted the company's request to extend the stay of the suspension of trading of the company's common stock pending the final determination regarding the company's listing status.
May 20, 2013
11:58 EDTSNDKSanDisk, Attunity outlook bullish, Globes columnist writes
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10:11 EDTSNDKOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Artisan Partners (APAM) downgraded to Market Perform from Outperform at Keefe Bruyette... Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Jefferies... BlackRock (BLK) downgraded to Market Perform from Outperform at Keefe Bruyette... Cavium (CAVM) downgraded to Market Perform from Outperform at JMP Securities... Charles Schwab (SCHW) downgraded to Underperform from Market Perform at Keefe Bruyette... Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Longbow... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Leap Wireless (LEAP) downgraded to Sell from Hold at Deutsche Bank... Lowe's (LOW) downgraded to Perform from Outperform at Oppenheimer... MicroStrategy (MSTR) downgraded to Market Perform from Outperform at JMP Securities... NetApp (NTAP) downgraded to Underperform from Neutral at RW Baird... NeuStar (NSR) downgraded to Neutral from Buy at Goldman... Red Hat (RHT) downgraded to Market Perform from Outperform at BMO Capital... Ruby Tuesday (RT) downgraded to Market Perform from Outperform at Wells Fargo... Synovus (SNV) downgraded to Sell from Neutral at Goldman... TD Ameritrade (AMTD) downgraded to Underperform from Market Perform at Keefe Bruyette... Thoratec (THOR) downgraded to Neutral from Buy at Goldman... CF Industries (CF) downgraded to Hold from Buy at Miller Tabak... Children's Place (PLCE) downgraded at Susquehanna... CarMax (KMX) downgraded to Market Perform from Outperform at William Blair... SanDisk (SNDK) downgraded to Neutral from Buy at Nomura... Red Hat (RHT) downgraded at BMO Capital... Rex Energy (REXX) downgraded to Hold from Buy at Stifel... Range Resources (RRC) downgraded to Hold from Buy at Stifel... Kansas City Southern (KSU) downgraded to Sell from Hold at Stifel... Capella Education (CPLA) downgraded to Hold from Buy at Stifel.
08:10 EDTOCZOCZ Technology, NETGEAR partner on flash-based data storage
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07:41 EDTSNDKSanDisk downgraded to Neutral from Buy at Nomura
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05:58 EDTTOSBFAdvanced Semiconductor acquires shares of Wuxi Tongzhi for RMB 70M from Toshiba
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May 17, 2013
06:07 EDTMUMobile DRAM revenue fell 5% in Q1, DigiTimes reports
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May 16, 2013
08:19 EDTMUCourt decision should hasten Micron takeover of Elpida, says Sterne Agee
Sterne Agee believes that a decision by a Japanese court dismissing appeals from the two unsecured creditors to the Elpida consolidation process should enable Micron to close its Elpida acquisition much more quickly than some had feared. The firm views this development as very positive for Micron and keeps a Buy rating on the stock.
07:26 EDTSNDKJPMorgan to host a conference
41st Annual Global Technology, Media & Telecom Conference is being held in Boston on May 14-16 with webcasted company presentations to begin on May 16 at 8 am; not all company presentations may be webcasted. Webcast Link
05:32 EDTMUMicron announces issuance by Tokyo Court of order dismissing creditor appeals
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May 15, 2013
16:50 EDTOCZOCZ Technology to delay filing 10-Q
As previously reported, OCZ Technology Group delayed the filing of its Form 10-Qs for the quarter ended August 31, 2012 and for the quarter ended November 30, 2012 as the company requires additional time for compilation and review to insure adequate disclosure of certain information. The company’s Audit Committee has also concluded that the company should restate the results for the first quarter of FY13, as well as the results for certain quarters of FY12 and for FY12. The amended Form 10-K for FY12 and the amended Form 10-Q for the first quarter of FY13 have not yet been filed and will be filed before the company files the FY13 Form 10-K. Additionally, as a result of the time requirements to assess the restatement of the financial statements included in previous filings; and the impact and causes of the restatement on 2013 reporting; the company has not completed its financial statements and the other reporting requirements to be included in the fiscal year ended 2013 Form 10-K. As such, the company is not able to meet the filing deadline for its 10-K for the year ended February 28, 2013. The company will endeavor to bring current its corrected and past due filings as soon as practicable though it cannot currently make an assessment of when such filings will be made.
May 14, 2013
10:49 EDTTOSBFDell accuses optical disk drive makers of price-fixing, Bloomberg says
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May 13, 2013
07:29 EDTMUSkillsoft to host a conference
2013 Global Skillsoft Perspectives Learning Industry Conference is being held in Orlando, Florida on May 13-16.

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